Expecting the pair to continue higher at least for today. This will help to boost the expansion of the monthly candle as well. There is a lull for the last few days so today might be the day that this pair to make a significant move.
The GBPJPY has reached into a notable resistance level, and the present price seems excessively extended, surpassing previous buyside liquidity. Anticipating a potential retracement, there is a potential buying opportunity if the price retraces within the 50% to 61.8% Fibonacci range. Please be aware that the information shared here is solely for educational...
Most Asian currencies were mildly volatile on Friday but headed for weekly losses, while the dollar hovered near a one-month high amid growing doubts that the Federal Reserve will cut interest rates early this year.
The Japanese Yen was hit the hardest due to concerns about higher interest rates for longer and was also the worst performing currency in Asia this...
The new governor of the BoJ, Kazuo Ueda, has not made drastic changes in monetary policy as expected, causing the Japanese yen to weaken against the USD in 2023.
Positive signs appeared in November when the USD/JPY pair fell and bond yields also fell, raising hopes that the BoJ was about to change policy.
The BoJ is expected to make an important policy decision...
Waterfall (and winter) is coming. GBP/JPY is capable to develop strong downtrend that exceed thousands of pips. The resistance line at 186.767 is the last strong resistance in the way.
GBP-JPY keeps going down
To retest the horizontal
Support level of 181.1
From where I believe
We will see a local
Bullish rebound as
The pair is now oversold !
Pair : GBPJPY ( British Pound / Japanese Yen )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame. It has completed the Break of Structure and " 12345 " Impulsive Waves and making its " a " Corrective Wave at the Lower Trend Line. Divergence in RSI
Entry Precautions :
Wait for the Breakout / Rejection of LTL
Today, traders will depend on dollar sentiment, risk appetite and bond market developments. There are no significant data published in Europe:
14:00: Switzerland's October trade balance data
17:15: BOE policymakers will testify before parliament on monetary policy, inflation and the UK's economic outlook
The British pound has rallied during the trading session on Monday, reaching the top of the short-term consolidation region that we have been in. With this being the case, the market is likely to continue seeing more of a “buy on the dip” attitude as the interest rate differential between the 2 economies and currencies is big enough to warrant the “carry trade.”...
The International Monetary Fund (IMF) has warned that China's weak recovery and the possibility of a prolonged real estate crisis could further impact Asia's economic outlook. The IMF has reduced its growth estimate for Asia in 2024 to 4.2%, down from the 4.4% forecast in April and the 4.6% forecast for this year, according to the Outlook report. World Economy...
Because the interest rate difference between the US and Japan is still large, the sell-off of the yen in the market continues to accelerate despite the BOJ's decision to maintain loosening yield curve control.
GBPJPY had a very explosive bullish week last week. So this week I'm waiting to see if price will pullback to provide an entry before potentially heading back up again.
Please use your own risk tolerance and analysis before following this trade idea.
😁 Like this video post and comment below what your personal analysis is on this pair.
Safe trading.
Hello, according to the analysis of the GBPJPY pair, there is a good opportunity to buy. With the break of the downward channel as shown in the analysis, we also notice that the price returned to the downward channel to be retested successfully. All these factors confirm that the market is for purchase. good luck for everbody
Hello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
GBPJPY remains choppy from a price action perspective with higher highs followed up by lower lows. Much like USDJPY both bulls and bears seem to lack conviction at this stage with the descending trendline growing more vulnerable with each retest.
As its stands and barring any intervention a break above the trendline is growing more and likely as the 100-day MA...
♦️ Wage pressure in the UK eases, the pound weakens compared to the euro and dollar
🔹 Oil prices stabilized thanks to hopes that the US will ease sanctions on Venezuela
① Oil prices stabilized on Tuesday after falling more than $1 on Monday. US crude oil is currently trading around 86.95 USD/barrel, down about 0.1%. Markets expect the US will ease sanctions on...
